Bourbon Reports Strong Growth

Friday, August 11, 2006
“Increase business in the first half of 2006 was another successful step in the Bourbon growth plan", said Chairman and Chief Executive Officer Jacques de Chateauvieux. "The commissioning of the new vessels in a promising market strengthens our position as the leader in modern offshore." Bourbon’s first half revenues totaled 345.7 million euros, up 14.6% compared with the same period in 2005 (+11% at constant exchange rates). The Offshore Division, which is the beneficiary of the largest portion of Bourbon’s investments within the Horizon 2010 plan (1,230 million euros), remains the growth driver for the company. Revenues for the Offshore Division rose 32.4%, or 27.1% at constant exchange rates, over the same period in 2005. This growth reflects the implementation of the 2003-2007 plan and was driven in the first half by the delivery of 15 new vessels (6 supply vessels and 9 crewboats). In addition, 2 vessels were chartered to meet the needs of our customers. In the Africa zone, which benefited from the largest number of new vessels commissioned, growth rose to 45.7% over the same period in 2005. In addition, the Offshore Division initiated its expansion in Asia. The Towage & Salvage Division recorded revenues of 65.6 million euros, an increase of 18.2% in the first half of 2006, resulting from: the high level of traffic recorded in French ports; the business recorded out of African ports, which benefited from the strong context for offshore oil and gas marine services; the inclusion of the activities of the Abeille Bourbon and the Abeille Liberté over a full six months.
Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Canaveral Tops State List for Sand Bypass Funding

The Canaveral Harbor Inlet Sand Bypass Project has earned the top state ranking for 2014/15 inlet management funding. As a result, Port Canaveral is expected to receive $100,

Rotterdam port's throughput almost stable

The Port of Rotterdam’s throughput in the first quarter of 2014, at 109 million tonnes, was 0.2% below the level for the corresponding period last year.Split up by goods type,

PetroVietNam Gas's Q1 gross profit falls 27.5%

PetroVietNam Gas's first-quarter gross profit fell 27.5 percent to 3.9 trillion dong ($185 million) from a year earlier, the Lao Dong (Labour) newspaper reported.

 
 
Maritime Contracts Maritime Security Naval Architecture Pod Propulsion Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1457 sec (7 req/sec)